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. senior citizens will in fact take some hits. education will take big hits with the pell grants. to achieve the so-called cuts that they are talking about would mean that a lot of people are going to be severely, severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the change, all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched. still leaving the subsidies for the oil companies untouched. everything to the poor and middle-class folks -- you bear the brunt of it. >> mitt romney this week -- my view is we should have a president who is willing to cut, a cap, and balance the budget. then he wants to stay out of this. he is just interested in jobs. in the grand bargain, there were revenue increases. closing loopholes that no one wants to defend except for grover norquist, who is having an incredible amount of power in this debate. there is a counter intuitive thing here. you a
, but charle'' point is right. this is tiny, tiny little drops in a big ocean. it is not plan to solve the problem to go after corporate jets or even to go after the hedge fund guys, although i would sure like to. they have got to raise revenues, i hate to say it, on the middle class. everybody -- this is the point that gets lost in this -- everybody is in this boat. there is no way out, as every american does something. >> raise revenues on the shrinking middle class, mark. >> evan is right, because it is going to affect everybody. evan addressed the possibility of defaults. when that happens, the federal government of the united states, which borrows 40 cents of every dollar we spend every single day, is faced with the option, do you pay a sergeant in combat in kandahar, a grandmother in a 1-bedroom apartment, a social security check, or do you meet the obligations of the bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality that we are contending with -- what the president is proposing is increasing
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